I would like to place a picture at the bottom of the titlepage and include some text on the picture and above it. As the sample attached demonstrates.

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This can be done with the http://www.ctan.org/pkg/eso-pic The command is along the lines of
This will render IMAGE.png in the background in the lower left on the page where you issue the command. (The comment indicator % is used to prevent newlines and spaces from messing up the picture.) To achieve text above the picture, typeset your text normally and adjust with |
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